Acquisitions in Alaska

The Blackhawk Group, a portfolio company of New State Capital Partners, has acquired Silver Sky Aviation of Wasilla, Alaska, expanding TBG's Performance Center Network into Alaska. The acquisition adds a sixth Performance Center location and strengthens TBG's turboprop maintenance and performance capabilities; terms were not disclosed.

BioMatrix Infusion Pharmacy acquired LUX Infusion, an Alaska-based ambulatory infusion center operator, adding three infusion centers effective October 17, 2025. The deal expands BioMatrix's national ambulatory infusion footprint and integrates LUX's clinical teams and operating model to accelerate growth and extend home infusion nursing into the Pacific Northwest.

Vicinity has acquired DanTech Services, combining two regional managed IT service providers to expand Vicinity's operational depth and geographic reach across Alaska, the Pacific and the Pacific Northwest. The deal strengthens Vicinity’s ability to deliver enterprise-grade, managed IT solutions with increased technical resources and continuity for clients.

Aerial Machine & Tool, a portfolio company of Argosy Private Equity, has acquired Hazard Protection Systems (HazPro), a supplier of patented passive fire suppression solutions for military, industrial, and commercial vehicles. The acquisition expands Aerial's mission-critical safety product portfolio and intellectual property, with integration and post-close synergies already underway supported by Argosy's value-acceleration program.

Pacific Seafood has completed the acquisition of Trident Seafoods' Kodiak, Alaska processing operations, including the Star of Kodiak, Alkod and Kodiak Near Island plants and the Plaza bunkhouse. Trident's Kodiak team members will be retained as Pacific Seafood expands processing capacity and direct access to Alaska wild whitefish and other species to support its distribution network.

Grain Management, a Washington, D.C.-based investment firm focused on digital infrastructure, has completed its acquisition of QSH Parent Holdco LLC (Quintillion), the leading provider of subsea and terrestrial fiber connectivity in Alaska and the North American Arctic. Quintillion operates a subsea and terrestrial high-speed fiber network and provides broadband connectivity, satellite ground station, and edge processing services to government and commercial telecommunications providers; the deal is intended to accelerate broadband expansion in Alaska and strengthen geostrategic connectivity for national defense.

ModuleMD has acquired Diversified Health Care Management, Inc. and MedEase (DBA Professional Management Services, Inc.) to expand its revenue cycle management (RCM) capabilities and client footprint in the northwestern United States. The deal brings the target teams and technology into ModuleMD’s physician‑designed SaaS platform to accelerate automation across claims management using RPA, analytics and AI.

American Pacific Mining Corp. completed a court-approved plan of arrangement to acquire all issued and outstanding common shares of Constantine Metal Resources Ltd., issuing APM shares to former Constantine shareholders under an exchange ratio of 0.881 APM shares per Constantine share. The combined company expands APM’s portfolio of precious and base-metal exploration and development projects in the western United States, including the Palmer project in Southeast Alaska.

McFarlane Aviation, a portfolio company of Vance Street Capital, has acquired Airforms, Inc., a Wasilla, Alaska-based designer and manufacturer of proprietary aftermarket PMA parts for general aviation. The transaction is McFarlane's first strategic add-on since its acquisition by Vance Street in October 2021 and will expand McFarlane's PMA catalog and engineering capabilities.

TruckPro, a Memphis-based distributor of heavy-duty truck and trailer parts, acquired the assets related to Young's Gear Denali Drivelines, a driveline, drivetrain and suspension repair shop in Fairbanks, Alaska, owned by Daryl and Joy McGhan. The deal strengthens TruckPro's footprint and service capabilities in Alaska and provides local customers access to TruckPro's broader product offerings and nationwide distribution network.

Seattle-based private equity firm Westward Partners completed a recapitalization of Three Bears Alaska, a family-owned grocery and fuel retailer, with Cascadia Capital acting as exclusive financial advisor. The transaction provides liquidity to certain shareholders while supporting Three Bears' planned growth into underserved Alaskan and Montana markets and retains majority Alaskan ownership.

Tetra Tech, Inc. has acquired Axiom Data Science, an Anchorage-based informatics and software development firm specializing in oceanic and ecological data management and analysis. Axiom will join Tetra Tech's Government Services Group to expand the firm's advanced analytics capabilities in oceans and ecosystems, supporting clients such as NOAA and NASA; terms were not disclosed.

Hub International Limited acquired the assets of SGY, Inc. (d/b/a Shattuck & Grummett Insurance), a fourth-generation insurance agency based in Juneau, Alaska. The transaction brings the Shattuck & Grummett team into Hub Northwest to expand Hub's commercial, personal and employee benefits capabilities in Alaska; terms were not disclosed.

Tiger Infrastructure Partners acquired a controlling interest in IC Alaska Airport LLC, which has been renamed NorthLink Aviation, to fund and develop a 120-acre air cargo terminal at Ted Stevens Anchorage International Airport under a 55-year lease. The investment will finance construction of a purpose-built cargo terminal with warehouses, fueling and deicing infrastructure and support services to capitalize on growing trans-Pacific air cargo volumes.

Convergint acquired two business units from ATS Companies — ATS Alaska and ATS Facility Systems — marking Convergint’s first technology center in Alaska and expanding its Northwest footprint. More than 75 ATS colleagues will join Convergint, strengthening capabilities across Washington, Oregon, Montana, Idaho, Colorado, Wyoming and Alaska.

Kelley Connect has acquired Royal Business Systems (Anchorage) and Northern Business Systems (Fairbanks), expanding its footprint across the state of Alaska and establishing five local Kelley Connect offices. The acquisitions are intended to retain existing employees, expand service capacity for office-technology and document-management solutions, and provide full-state coverage for Kelley Connect's customers.

Applied Underwriters announced it expects to complete the acquisition of Alaska Timber Insurance Exchange (ATIE) following ATIE's conversion to a stock company and receipt of regulatory approvals. The Ketchikan, Alaska–domiciled reciprocal, which writes non-assessable workers' compensation policies and holds an AM Best A- rating, will be purchased as part of a transaction that references North American Casualty Company as the acquiring entity for ATIE.

ATN International, together with financial partner Freedom 3 Capital, completed an all-cash acquisition of Alaska Communications Systems Group, Inc. for $3.40 per share, a transaction valued at approximately $343 million including net debt. The deal, which closed in July 2021 after stockholder approval, takes Alaska Communications private and gives ATN a majority ownership stake as part of its US telecom expansion.

USI Insurance Services has acquired Sitka, Alaska-based Venneberg Insurance. All of Venneberg's employees, including owner and principal Mike Venneberg, will join USI; terms were not disclosed. The deal expands USI's footprint in Southeast Alaska and brings local risk management and insurance capability onto USI's national platform.

Ascent Global Logistics acquired Alaska-based Hageland Aviation Services, LLC and launched Rambler Air, a new Anchorage-based air service focused on commuter flights and passenger and cargo charters. Rambler Air is expected to begin service in early 2021 with an initial fleet of eight Piper Chieftain Navajos and two Beechcraft 1900Ds and plans to create up to 45 aviation jobs in Alaska.

Voyager Space Holdings, Inc. announced its intent to acquire Anchorage-based The Launch Company, a developer of standardized launch-site hardware, ground support equipment, and automated launch processes. The acquisition expands Voyager's vertical capabilities in launch services and ground support, enabling The Launch Company to scale operations and better serve commercial NewSpace and government customers.

Alera Group has acquired Wilson Albers & Company, LLC, a Anchorage-based insurance, employee benefits and HR services firm that operates The Wilson Agency, Albers & Company and ConnectHR. Terms were not disclosed; Alera said the deal strengthens its presence in the Northwest and expands its employee benefits and HR capabilities.

Hub International Limited acquired the assets of Denali Alaskan Insurance, LLC, a wholly owned subsidiary of Denali Federal Credit Union. The Anchorage-based property and casualty insurance business will join Hub Northwest, expanding Hub's geographic footprint in Alaska; terms were not disclosed.

Hub International Limited (Hub) has acquired Pippel Insurance Agency, Inc., a multi-line insurance brokerage based in Palmer, Alaska. Pippel will join Hub’s Northwest operations and leader Dan Crawford will join Hub as Vice President of Operations to support an expanded local presence in the Anchorage and Matanuska-Susitna Valley market; terms were not disclosed.

Crowley Petroleum Distribution LLC has acquired Anderes Oil, Inc., a provider of aviation, heating, fuel and lubricant oils serving Ketchikan, Alaska and surrounding areas. The transaction is an owner exit by the Anderes founders and represents Crowley’s first expansion into southeast Alaska; Anderes’ ~20 employees will be integrated into Crowley with minimal operational disruption.

Crowley Petroleum Distribution LLC has acquired Taku Oil Sales, Inc., a family-owned petroleum distributor serving Juneau, Alaska for nearly 50 years. The purchase, driven by Crowley’s desire to expand service coverage in southeast Alaska, follows the Taku founders’ planned retirement and will preserve existing operations and staff under Crowley’s ownership.